Core Viewpoint - Tasting (HK) Holdings Limited has acquired all shares of Tasting, indicating a significant ownership change and potential preparations for an IPO, despite the company not confirming this speculation [1][3]. Group 1: Shareholder Changes - The previous shareholders, including Fujian Zhaocheng Tower Catering Management Partnership and others, have completely exited their stakes in Tasting [1][2]. - YAHUIHU became a shareholder only on June 7, 2023, shortly before the ownership transition [3]. Group 2: Capital Increase and IPO Plans - Tasting increased its registered capital from 117 million to 118 million, marking a 11,323% increase [3]. - The company has previously expressed intentions to go public within five years, although it has not officially commented on the IPO preparations following the recent share acquisition [3]. Group 3: Business Model and Expansion - Tasting, influenced by the low-cost model of Wallace, has rapidly expanded its presence in the hamburger market, focusing on value and franchise operations [3][7]. - The company has opened 8,28 stores in 2023, with a total of 9,600 operating stores across 29 provinces and 310 cities [3]. Group 4: Market Challenges and Competition - Despite rapid expansion, Tasting faces systemic food safety issues, including reports of under-thawed frozen meat and altered ingredient expiration dates [7]. - The franchise model has led to increased competition among franchisees, with a rise in closure rates and reduced territorial protection [7]. - Competitors like KFC and McDonald's are engaging in price wars, launching similar products at lower prices, which could impact Tasting's market position [8].
香港公司接手塔斯汀全部股权,“汉堡界蜜雪冰城”正在筹备上市?
Guan Cha Zhe Wang·2025-06-26 09:46